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Billionaire Backtracking

The Editors

Bill Ackman, one of Trump’s wealthiest backers, has struggled to keep his story straight when it comes to supporting the president’s economic policy.

(Patrick T. Fallon /Bloomberg / Getty Images)


Before tariffs

“I strongly believe that a Trump administration will be better for the country and the world than a Harris administration.”

— X, October 11, 2024

“We’re stepping into the most pro-growth, pro-business, pro-American administration I’ve perhaps seen in my adult lifetime.”

— CNBC, December 12, 2024

After tariffs

“What CEO and what board of directors will be comfortable making large, long-term, economic commitments in our country in the middle of an economic nuclear war? . . .  The president is losing the confidence of business leaders around the globe.”

— X, April 6, 2025

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